There are many examples in the world where casinos help and raise funds for charitable purposes. As the experience of other countries shows, gambling most often sponsors sports teams, and a little less often gives money for other types of needs (however, it depends on the state). Let us consider the way Portuguese companies have chosen. For example, the website CasinoReal.pt offers reviews of different casinos and is actively involved in charity.
Global practice
In Finland, the gambling business is monopolized by Veikkaus. It is probably the most generous gambling corporation in the world. Almost all profits, except for salaries for employees and other necessary expenses, go to charity: sports development, assistance to child protection organizations, support of volunteer organizations, etc. Part of the income is also transferred to the Ministry of Health and Social Development.
Numerous European bookmakers sponsor sports teams, for example:
- Ladbrokes, one of the oldest bookmakers in the UK, sponsored the Scottish and Irish football championships for several years;
the English bookmaker Sky Bet is a sponsor of three Leagues – Sky Bet - Championship, Sky Bet League One, and Sky Bet League Two (the contract is valid until 2024);
- Austrian bookmaker bwin became the official betting partner of the Conference League and the Europa League.
Other gambling organizations often support sports, for example, the French lottery company FDJ supports the National Football Federation and sponsors four clubs. In 2016, it became the national sponsor of UEFA EURO 2016.
Experience
Both domestic and foreign gambling companies that have received KRAIL licenses have already started to engage in charity work. Despite their relatively recent appearance on the market in a legal status, they have already done a lot of work. Let us consider examples of such activities. Microgaming is celebrating its 20th anniversary with 20 charitable donations to 20 different organisations. On the Isle of Man alone, where the company is headquartered, the company has planted 1,500 trees and donated £3.5 million to charity. Microgaming stands ready to support environmental and social programs. Novomatic supports medical facilities as part of addiction prevention with annual donations of millions
Favbet
The international casino Favbet has created the Favbet Foundation, which operates in three main areas. First of all, it is the development of sports culture in the country. Thus, the company finances both its own and other charitable programs aimed at the following goals
- organizing recreational activities;
- support of sports teams, organizations and federations;
- development of relevant infrastructure;
- support for athletes with disabilities.
For example, Favbet became a partner of Photo Kyiv 2021 exhibition, presenting the exhibition Code of Invincibility: Real Stories of Modern Heroes. It is dedicated to the participants of the Invictus Games who went through the war and managed to become professional athletes despite severe injuries sustained in combat.
The company also provided funds for the creation of a multifunctional workout area at the NSC Olimpiyskiy (Kyiv), where everyone can train; in addition, open training sessions of famous athletes are sometimes held there.
The second area of activity is education. First, the company supports the government’s digitalization policy by sending the necessary equipment to libraries, schools, and other educational institutions. You may have noticed that where casinos go, infrastructure improves, related businesses open up new jobs, non-profit organizations flourish, social projects get a boost, and nearby housing makes themselves more expensive. If you want to try your hand at playing in a casino, we recommend that you try to make a minimum deposit in more detail on the website – casinos minimum deposit 5 euros. Casinos are a service for all budgets; even with a little money you can enjoy gambling. Thus, the betting business accumulates funds. Part of the money goes towards development, rent (if the casino is on land), buying equipment, paying employees. What does a casino produce? It’s obvious – your state of mind. And casinos employ people who are no strangers to all things human.
And, as a rule, getting rich, a man begins to share. First of all, he helps his family and his neighbors. And so the casinos begin to help at a regional level, supporting scientific research, such as Novomatic, to solve addiction problems. Absolutely all casinos are beautifying the area around them. Some are planting trees, others are contributing to environmental projects, supporting green energy. Projects are ready to implement their social ideas, at Novomatic, for example, it is enough to justify the essence of the project and the opportunity to get a grant will open. Companies’ annual reports contain details of expenditure, with sums running into the tens of millions of euros.